ZIM Integrated Shipping Sees FY24 Adj. EBITDA $1.15B-$1.55B, Up From $850M-$1.45B
Portfolio Pulse from Benzinga Newsdesk
ZIM Integrated Shipping has raised its FY24 adjusted EBITDA guidance to a range of $1.15 billion to $1.55 billion, up from the previous range of $850 million to $1.45 billion.
May 21, 2024 | 11:03 am
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ZIM Integrated Shipping has increased its FY24 adjusted EBITDA guidance to a range of $1.15 billion to $1.55 billion, indicating a more optimistic financial outlook compared to the previous range of $850 million to $1.45 billion.
The increase in adjusted EBITDA guidance suggests that ZIM Integrated Shipping is expecting better financial performance in FY24. This positive revision is likely to boost investor confidence and could lead to a short-term increase in the stock price.
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